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AAPW

GradeBChicago Board Options Exchange

Roundhill Investments - AAPL WeeklyPay ETF

Leveraged · Single-Stock Leveraged · Roundhill Investments · Inception 2025-02-19

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$41.71−0.40 (−0.94%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Feb 20, 2025.
Intraday session: down, 27 prints from 42.11 to 41.71. Range 41.47 to 42.05. Use the arrow keys to read each point.$41.60$41.80$42.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$43M
1Y return
+34.6%
Yield · Last 12 months
27.52%
Holdings
5
Volume · 30D
0M sh
NAV per share
$41.96
52W range
low $33.02high $44.65

The ETF.net AAPW Grade

B

69/ 100

Rank 1 of 17 in Leveraged Single-Stock Income

Confidence High

Six-pillar profile for AAPW. Scores out of 100: Cost 48, Risk 80, Mission 94, Tradability 64, Holdings not scored, Durability 65. Strongest: Mission (94). Weakest: Cost (48). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 48
    Category rank3/17 · top 18%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank2/14 · top 14%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 80
    Category rank3/17 · top 18%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 64
    Category rank6/17 · top 35%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank6/17 · top 35%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AAPW

ETF.net Research

BApple exposure with a paycheck attached: AAPW targets 1.2 times Apple's total return each calendar week and distributes weekly. Leverage dialed down, reset by the week instead of every day.

Stated mandate

AAPW seeks income and growth by making weekly distributions while targeting 1.2 times the calendar-week total return of Apple common shares, before fees and expenses.

Why people hold it

  1. 01The multiple is 1.2x, not the 2x standard of the leveraged single-stock aisle. Same idea, lighter hand on the throttle.
  2. 02The target resets by calendar week, not daily, so far fewer reset points than daily-reset rivals such as AAPU and GGLL.
  3. 03Income is written into the mandate: weekly distributions alongside the 1.2x weekly target, though no target payout rate is declared.
  4. 040.99% a year, a shade under the typical fee among leveraged single-stock ETFs.

Worth knowing

  1. 01The 1.2x aim is a weekly job. Hold across many weeks and compounding takes over, so results can drift from 1.2x Apple's move over that stretch.
  2. 02One company carries the whole fund. An Apple stumble lands with extra force, and there is nothing else in the basket to soften it.
  3. 03Launched in 2025, small and lightly traded, so bid-ask spreads can run wider than at the category's heavyweights.

AAPW Holdings

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
5
Top-10 weight
193%
Largest holding
037833100 TRS 042727 GS60.0%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001037833100 TRS 042727 GSAPPLE INC WEEKLYPAY SWAP GS60.02%75,443$25M1
002912797UJ4United States Treasury Bill 10/08/202653.16%22,500,000$22M56
003037833100 TRS 042027 NMAPPLE INC WEEKLYPAY SWAP NM48.49%60,948$20M1
004FGXXXFirst American Government Obligations Fund 12/01/203120.19%8,531,033$9M86
005AAPLApple Inc11.54%14,511$5M707

Showing 1–5 of 5 holdings

AAPW Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AAPW$13,463
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AAPW $13,463. SPY $11,723. Use the arrow keys to read each point.$8,937$11,392$13,847Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AAPW. Periods over one year show the average yearly return.
PeriodAAPW
Year to date+27.2%
1 month+11.8%
3 months+16.9%
1 year+34.6%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AAPW
YearReturn barAAPW
2026 YTD+27.2%
2025+8.1%

History from Feb 20, 2025

AAPW in the news

ETF.net Research hasn’t filed on AAPW yet — coverage lands here as it’s written.

AAPW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
27.52%Last 12 months
Payout per share
$11.59Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 38 payments in 2026 YTD. Jan 5, 2026 $0.21; Jan 12, 2026 $0.16; Jan 20, 2026 $0.11; Jan 26, 2026 $0.15; Feb 2, 2026 $0.13; Feb 9, 2026 $0.24; Feb 17, 2026 $0.26; Feb 23, 2026 $0.07; Mar 2, 2026 $0.26; Mar 9, 2026 $0.20; Mar 16, 2026 $0.17; Mar 23, 2026 $0.16; Mar 30, 2026 $0.19; Apr 6, 2026 $0.21; Apr 13, 2026 $0.25; Apr 20, 2026 $0.21; Apr 27, 2026 $0.25; May 4, 2026 $0.19; May 11, 2026 $0.24; May 18, 2026 $0.26; May 26, 2026 $0.25; Jun 1, 2026 $0.25; Jun 8, 2026 $0.22; Jun 15, 2026 $0.18; Jun 22, 2026 $0.09; Jun 29, 2026 $0.23; Jul 6, 2026 $0.10; Jul 13, 2026 $0.27; Jul 20, 2026 $0.25; Jul 27, 2026 $0.32; Aug 3, 2026 $0.23; Aug 10, 2026 $0.07; Aug 17, 2026 $0.23; Aug 24, 2026 $0.14; Aug 31, 2026 $0.22; Sep 8, 2026 $0.27; Sep 14, 2026 $0.20; Sep 21, 2026 $0.28. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 22, 2026$0.28
Sep 14, 2026Sep 15, 2026$0.20
Sep 8, 2026Sep 9, 2026$0.27
Aug 31, 2026Sep 1, 2026$0.22
Aug 24, 2026Aug 25, 2026$0.14
Aug 17, 2026Aug 18, 2026$0.23
Aug 10, 2026Aug 11, 2026$0.07
Aug 3, 2026Aug 4, 2026$0.23
Jul 27, 2026Jul 28, 2026$0.32
Jul 20, 2026Jul 21, 2026$0.25
Jul 13, 2026Jul 14, 2026$0.27
Jul 6, 2026Jul 7, 2026$0.10

AAPW Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
28.4%
Annualised · 18 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · 18 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−36.3%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AAPW Cost

Expense ratio0.99%
  • The middle half of Leveraged Single-Stock Income funds
  • Median 0.99%

2 of the 17 Leveraged Single-Stock Income funds charge less.

AAPW costs $99.00 a year on $10,000. The median Leveraged Single-Stock Income fund costs $99.00.